HS Code:
The 'Not knitted or crocheted, of synthetic fibers' category (often classified under HS Code 6203 or related codes for apparel and clothing accessories) includes garments and clothing accessories made from synthetic fibers such as polyester, nylon, or acrylic, which are not knitted or crocheted. This category encompasses a wide range of products including suits, jackets, trousers, shirts, and outerwear. These products are valued for their durability, resistance to wrinkles, and cost-effectiveness compared to natural fibers. The global trade of this category is driven by demand in both developed and emerging markets, with production often concentrated in countries with strong textile manufacturing capabilities.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 18.2 billion
40% of total trade of total trade
Increasing
USD 6.8 billion
15% of total trade of total trade
Increasing
USD 4.5 billion
10% of total trade of total trade
Stable
USD 3.2 billion
7% of total trade of total trade
Increasing
USD 2.7 billion
6% of total trade of total trade
Stable
Average Rate
12.5%
Highest Rate
35% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Vietnam FTA)
Shift towards sustainable synthetic fibers
Increasing demand for recycled polyester and eco-friendly materials is pushing manufacturers to adopt greener production methods, influencing cost structures and market competitiveness.
2021-2023
Nearshoring in apparel production
Rising labor costs in traditional hubs like China are driving production to closer markets such as Turkey for Europe and Mexico for the US, reducing shipping times and costs.
2022-2023
E-commerce growth
The rise of online retail platforms has increased direct-to-consumer sales of synthetic fiber clothing, benefiting exporters with strong digital supply chains.
2020-2023
Continued tariffs on Chinese synthetic fiber apparel exports to the US have led to a diversification of supply chains, with Vietnam and Bangladesh gaining market share.
Mid-2022
Increased costs for US consumers and a shift in sourcing strategies for major retailers.
The EU introduced stricter regulations under the Circular Economy Action Plan, mandating transparency in synthetic fiber production and higher recycling quotas.
Early 2023
Higher compliance costs for exporters but potential long-term benefits in accessing the lucrative EU market.
The EVFTA, fully implemented in 2023, has reduced tariffs on Vietnamese apparel exports to the EU, boosting trade volumes in synthetic fiber categories.
August 2023
Strengthened Vietnamโs position as a leading exporter, challenging Chinaโs dominance.